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2023
Exports $7.73BWorld Rnk 8 / 219
Flag Rnk 8 / 1208
2023
Destination $336M Singapore
2022 - 2023
FASTEST GROWING MARKET $336MChinese Taipei
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions1.86Rnk 6 / 1025
2023
Imports $4.17BWorld Rnk 11 / 226
Flag Rnk 8 / 1211
2023
Origin $96.9M China
2022 - 2023
FASTEST GROWING ORIGIN $96.9MSouth Korea
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $7.73B in Machinery Having Individual Functions, making it the 8th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 8th most exported product in Malaysia. The main destination of Machinery Having Individual Functions exports from Malaysia are: Singapore ($2.79B), China ($1.49B), United States ($983M), Chinese Taipei ($615M), and Indonesia ($368M).

The fastest growing export markets for Machinery Having Individual Functions of Malaysia between 2022 and 2023 were Chinese Taipei ($336M), Indonesia ($138M), and China ($135M).

Imports In 2023, Malaysia imported $4.17B in Machinery Having Individual Functions, becoming the 11th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 8th most imported product in Malaysia. Malaysia imports Machinery Having Individual Functions primarily from: China ($795M), Singapore ($770M), Japan ($737M), United States ($697M), and South Korea ($324M).

The fastest growing import markets in Machinery Having Individual Functions for Malaysia between 2022 and 2023 were South Korea ($96.9M), Japan ($35.2M), and Switzerland ($34.7M).

COMPANIES In 2023, leading companies such as Motorola (13), Marelli Automotive Lighting (3), and Panasonic (2) were at the forefront of shipping Machinery Having Individual Functions from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Machinery Having Individual Functions exports accounted up to MYR549M and imports accounted up to MYR592M, resulting in a negative trade balance of MYR42.5M. Between November 2023 and November 2024 the exports of Malaysia's   Machinery Having Individual Functions have decreased by MYR-4.98M (-0.9%) from MYR554M to MYR549M, while imports decreased by MYR-334M (-36.1%) from MYR925M to MYR592M.

Destinations In November 2024, Machinery Having Individual Functions were exported mostly to Singapore (MYR150M), Indonesia (MYR48M), Thailand (MYR36.2M), China (MYR34.4M), and United States (MYR32.7M), and were imported mostly from China (MYR181M), Singapore (MYR159M), Japan (MYR54.5M), Germany (MYR41.9M), and South Korea (MYR36.7M).

Growth In November 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-101M or -47.2%), Indonesia (MYR-42.7M or -43.6%), and Chinese Taipei (MYR-26.1M or -86.1%). In November 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from South Korea (MYR-101M or -83.5%), Hong Kong (MYR-96.8M or -98.4%), and Chinese Taipei (MYR-39.6M or -67%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-4.98M(-0.9%)
IMPORT GROWTH (November 2023 - November 2024)MYR-334M(-36.1%)
MAIN DESTINATION (November 2024)SingaporeMYR150M

This section shows Machinery Having Individual Functions's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Machinery Having Individual Functions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.73B
IMPORTS (2023)$4.17B
NET TRADE (2023)$3.56B

In 2023, Malaysia exported $7.73B in Machinery Having Individual Functions. The main destinations of Malaysia exports on Machinery Having Individual Functions were Singapore ($2.79B), China ($1.49B), United States ($983M), Chinese Taipei ($615M), and Indonesia ($368M).

In 2023, Malaysia imported $4.17B in Machinery Having Individual Functions, mainly from China ($795M), Singapore ($770M), Japan ($737M), United States ($697M), and South Korea ($324M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Chinese Taipei$336M (120%)
Indonesia$138M (60.2%)
China$135M (9.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Malaysia WERE (2022 - 2023):
South Korea-$469M (-82.9%)
Singapore-$343M (-10.9%)
Japan-$65.1M (-29.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Machinery Having Individual Functions were:
Japan $34.6B
United States $27.8B
Netherlands $24.2B
In 2023, Malaysia's main importing competitors in Machinery Having Individual Functions were:
China $47.8B
United States $25B
South Korea $20.6B

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $99.5M
TOP IMPORT POTENTIALChina+ $79.7M

Machinery Having Individual Functions’s highest export potential is China. With an export gap of $99.5M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $79.7M.

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